Search For "banking crisis"
“Not a systemic kind of issue, central bank watching it…”: RBI Governor on
Updated : 2 weeks, 5 days ago IST
While addressing the media, after the customary post-Budget meeting with finance minister, RBI governor on the issue said, "As a policy, we do not comment on any individual bank or regulated entity. We are watching the development. There is no systemic kind of issue." IDFC FIRST Bank has
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"BJP's economic mismanagement has a human cost": Rahul Gandhi alleges BJP'
Updated : 11 months, 2 weeks ago IST
Rahul Gandhi alleged that the BJP government wrote off Rs 16 lakh crore in loans, linking it to a banking crisis and workplace harassment. He vowed Congress's support for affected professionals, citing ex-ICICI employees' grievances, including forced transfers and wrongful terminations.
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IndusInd bank is well-capitalised; No need for depositors to worry: RBI
Updated : 12 months ago IST
Amid the ongoing crisis in the IndusInd bank, the Reserve Bank of India (RBI) on Saturday released a statement stating that the bank is well capitalised and financially stable.
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Foreign investors remain net buyers in Indian stocks 6th straight month
Updated : 2 years, 6 months ago IST
The latest fund inflows started after the recent banking crisis in the US, leading to the Silicon Valley Bank's closure, among others, in March. Also, India's strong economic outlook, as forecasted by various global agencies, seemed to have made a renewed appetite for domestic stocks.
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Inflation risks high but US economy won’t enter into recession: Federal Re
Updated : 2 years, 6 months ago IST
The US economy is unlikely to enter into a recession in 2023, minutes of the Federal Reserve’s July monetary policy review meeting showed, and noted that spending and real activities had improved after the banking crisis experienced earlier this year.
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Foreign investors remain net buyers in Indian stocks for fourth month in r
Updated : 2 years, 8 months ago IST
The latest fund inflows started after the recent banking crisis in the US, leading to the Silicon Valley Bank's closure, among others, in March. Also, India's strong economic outlook seemed to have a renewed appetite for domestic stocks.
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Indian banks' credit profiles well placed to weather global banking sector
Updated : 2 years, 9 months ago IST
The credit quality of Indian banks and non-bank financial institutions will remain resilient despite a challenging environment for banks globally, according to Moody's Investors Service which said they are well placed to weather global banking sector stress.
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Time right to address governance gaps in banking, says RBI deputy governor
Updated : 2 years, 9 months ago IST
Deputy Governor at the Reserve Bank of India, Rajeshwar Rao, said time is right to address the gaps in governance frameworks in banks as the overall banking sector in India at the moment is sound, resilient, and financially healthy.
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Banking sector crisis in US tightened credit conditions: Fed Chair
Updated : 2 years, 10 months ago IST
The recent banking crisis in the US appears to have resulted in tighter credit conditions and they are likely to hurt economic activities, said US Federal Reserve Chair Jerome Powell after the two-day monetary policy review meeting where it once again hiked interest rates in their pursuit of
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After US bank failures, agencies directed to analyse deposit insurance mec
Updated : 2 years, 10 months ago IST
Following the failures of a few US banks, Federal Deposit Insurance Corporation (FDIC) Chairman Martin J Gruenberg directed the relevant agencies to conduct an analysis of the current deposit insurance framework and identify reform options as well as additional tools that can be used to maxi
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Another US bank closed, JP Morgan to acquire assets of First Republic Bank
Updated : 2 years, 10 months ago IST
US-based First Republic Bank was closed on Monday (local time) by the local regulators and entered into an agreement with JP Morgan Chase Bank to purchase and assume all deposits and assets of the troubled bank in a bid to protect depositors.
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Global economy staring at possibility of slowdown as fears re-emerge over
Updated : 2 years, 10 months ago IST
According to Jahnavi Prabhakar who authored the report, a lot is at stake for Federal Reserve now, as it considers the next rate action given the stubbornly high inflation, elevated wage growth, credit crunch scenario and uncertainty in global growth.
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